regulations

Regulation is an abstract concept of management of complex systems according to a set of rules and trends. In systems theory, these types of rules exist in various fields of biology and society, but the term has slightly different meanings according to context.

Source: en.wikipedia.org

TikTok Vows to Keep Minors Safe After EU Announces Probe
TikTok Vows to Keep Minors Safe After EU Announces Probe
February 19, 2024  |  Regulation

The European Commission has opened formal proceedings against TikTok under the Digital Services Act, saying the regulator aims to protect the well-being of online users....

READ MORE >
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
Whistleblowers Allege Inadequate Customer Due Diligence by Cash App
February 16, 2024  |  Security & Fraud

Federal financial regulators are reportedly investigating allegations made by two whistleblowers regarding Cash App. The whistleblowers claim that the mobile payment platform and the entities...

READ MORE >
Reserve Bank of India Wants ‘Hands-Off’ Approach to FinTech Regulation
Reserve Bank of India Wants ‘Hands-Off’ Approach to FinTech Regulation
February 16, 2024  |  Regulation

The Reserve Bank of India (RBI) reportedly wants to take a “hands-off” approach to regulating FinTechs. At the same time, the central bank expects these...

READ MORE >
OCC Closes Sales Practices Consent Order Against Wells Fargo
OCC Closes Sales Practices Consent Order Against Wells Fargo
February 15, 2024  |  Regulation

The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound...

READ MORE >
McHenry Questions FinCEN Funding Amid Beneficial Ownership Debate
McHenry Questions FinCEN Funding Amid Beneficial Ownership Debate
February 14, 2024  |  Regulation

A top House Republican says the White House’s new beneficial ownership rules are needlessly complex. U.S. Rep. Patrick McHenry, (R-N.C.), head of the House Financial Services...

READ MORE >
Visa, Mastercard Pause BPSP Payments in India Amid Industry-Wide Investigation
Visa, Mastercard Pause BPSP Payments in India Amid Industry-Wide Investigation
February 14, 2024  |  Credit Cards

Visa and Mastercard have reportedly paused intermediated commercial card payments in India following an order by the country’s financial market regulator. The Reserve Bank of India...

READ MORE >
State-Level AI Legislation Balloons Amid Rise of Deepfakes
State-Level AI Legislation Balloons Amid Rise of Deepfakes
February 14, 2024  |  artificial intelligence

The rise of AI-powered deepfake technology has reportedly fostered a corresponding boom in state-level legislation. Almost every state legislature now in session across the country...

READ MORE >
UK Finance Watchdog Pulls 35 Crypto Apps Off Market
UK Finance Watchdog Pulls 35 Crypto Apps Off Market
February 14, 2024  |  Cryptocurrency

The U.K.’s financial watchdog says cryptocurrency companies still aren’t following the country’s new advertising law. The Financial Conduct Authority (FCA) noted the need for compliance Wednesday (Feb....

READ MORE >
FinTechs Believe CFPB’s 1033 Rule Will Bring ‘Clarity’ to Data Sharing and Foster Financial Services Innovation
FinTechs Believe CFPB’s 1033 Rule Will Bring ‘Clarity’ to Data Sharing and Foster Financial Services...
February 14, 2024  |  Regulation

Matt Janiga, legal counsel and director of regulatory and public affairs at Trustly, told PYMNTS that the Consumer Financial Protection Bureau’s open banking rule, commonly...

READ MORE >